All articles tagged with #earnings estimates
Palantir Technologies Inc. (PLTR) has been heavily searched by investors, and Zacks.com highlights key factors influencing its stock performance. The company's earnings estimates and revenue growth forecast indicate positive trends, with a Zacks Rank #3 (Hold) suggesting potential in line with the broader market. However, its valuation metrics suggest it is trading at a premium to its peers.
Tesla's stock performance has been under scrutiny, with a focus on factors that could shape its near-term performance. The company's earnings estimates, revenue growth forecast, last reported results, surprise history, and valuation metrics are analyzed to provide insights for potential investors. With a Zacks Rank #3 (Hold), Tesla's stock is expected to perform in line with the broader market in the near term.
Analysts are optimistic about Robinhood Markets, Inc.'s earnings prospects, leading to a Zacks Rank #2 (Buy) and a 38.4% stock gain over the past four weeks. Earnings estimates for the company have significantly improved, with consensus estimates for the next quarter and full year showing substantial increases. The Zacks Rank system, based on earnings estimate revisions, suggests a positive outlook for the stock, as historically Zacks #1 Ranked stocks have outperformed the market. Investors may want to consider adding Robinhood to their portfolio based on its solid estimate revisions and potential for stock price growth.
Tesla's stock performance has been trending, with a recent -16.6% return compared to the Zacks S&P 500 composite's +5.1% change. Analysts are revising earnings estimates, with a Zacks Rank #3 (Hold) rating for Tesla. The company's projected revenue growth and valuation metrics indicate potential overvaluation. Investors should consider these factors before making investment decisions.
Enphase Energy's stock surges despite missing fourth-quarter earnings estimates, as CEO Badri Kothandaraman expresses optimism for a rebound in demand and a potential turnaround in the first quarter, citing expectations for increased demand in Europe and a more favorable rate environment outside of states like California. The company's sensitivity to interest rates has contributed to a choppy ride for its stock, which has declined more than 50% over the past year, but the CEO remains hopeful for improved performance moving forward.
NIO Inc. (NIO) has garnered significant investor interest, with a focus on its future performance. Analysts emphasize the importance of earnings estimate revisions in determining stock value, with NIO expected to post a loss for the current quarter but showing positive changes in consensus estimates for the current and next fiscal years. Revenue growth estimates for the company are mixed, and its valuation suggests it is trading at par with its peers. The Zacks Rank #2 (Buy) for NIO Inc. indicates potential outperformance in the near term.
GameStop (GME) has been upgraded to a Zacks Rank #1 (Strong Buy) due to an upward trend in earnings estimates. The Zacks rating system, which tracks changing earnings pictures, is useful for individual investors as it provides a positive comment on a company's earnings outlook. Rising earnings estimates and the rating upgrade indicate an improvement in GameStop's underlying business, which could push the stock higher. The Zacks Rank stock-rating system has a strong track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
General Motors Company (GM) has been heavily searched by investors recently. The stock has shown strong performance, with shares returning +13.6% over the past month. Earnings estimates for the company have been revised, with a projected change of -67.9% for the current quarter. The consensus sales estimate for the current quarter indicates a year-over-year change of -8.6%. General Motors Company has a strong track record of beating consensus EPS estimates and is currently rated Zacks Rank #3 (Hold). The stock is trading at a discount to its peers, suggesting it may perform in line with the broader market in the near term.
Palantir Technologies Inc. (PLTR) has been trending as one of the most searched stocks. The stock has shown strong performance, with a +29.9% return over the past month. Analysts have revised their earnings estimates for the company, with a projected year-over-year change of +100% for the current quarter and +316.7% for the current fiscal year. The consensus sales estimate also indicates positive revenue growth. Palantir Technologies Inc. has a Zacks Rank #1 (Strong Buy) and is trading at a premium to its peers. Overall, the stock shows potential for outperforming the broader market in the near term.
Rivian Automotive (RIVN) is a trending stock that has returned -1.2% over the past month. The company's earnings estimates have been revised downwards, with a projected loss of $1.37 per share for the current quarter. However, the consensus sales estimate for the current quarter indicates a year-over-year change of +93.3%. Rivian Automotive has a strong track record of beating earnings estimates and reported revenues of $1.34 billion in the last quarter, representing a year-over-year change of +149.4%. The stock is currently rated Zacks Rank #3 (Hold) and is trading at a premium to its peers.
Energy Transfer LP (ET) has been attracting investor attention as one of the most searched-for stocks on Zacks.com. The stock has returned -3.4% over the past month, underperforming the Zacks S&P 500 composite. Analysts' earnings estimates for the company have been revised downward for the current quarter and fiscal year, but upward for the next fiscal year. The consensus sales estimate for the current quarter indicates a year-over-year increase of +14.3%. Energy Transfer LP reported a surprise revenue decrease of -4.34% in the last reported quarter. The stock is currently trading at a discount to its peers, according to the Zacks Value Style Score. With a Zacks Rank #3 (Hold), the stock is expected to perform in line with the broader market in the near term.
Advanced Micro Devices (AMD) has been one of the most searched stocks recently, with its shares returning +17% over the past month. The company's future direction is influenced by factors such as revisions to earnings estimates, revenue growth forecast, last reported results, surprise history, and valuation. For the current quarter, AMD is expected to post earnings of $0.77 per share, with a consensus estimate of $2.65 for the current fiscal year. The consensus sales estimate for the current quarter is $6.12 billion, indicating a year-over-year change of +9.2%. AMD has a Zacks Rank #3 (Hold) and is trading at a premium to its peers.
Ford Motor Company (F) has been trending as one of the most searched stocks on Zacks.com. While media releases and rumors can influence stock prices in the short term, it is important to consider fundamental factors such as earnings estimates and revenue growth. Analysts have revised their earnings estimates for Ford, with a projected decrease in earnings for the current quarter but an increase for the current fiscal year. The company's valuation suggests it is trading at a discount compared to its peers. Overall, Ford Motor Company has a Zacks Rank #3 (Hold), indicating it may perform in line with the broader market in the near term.
Pharmaceutical company AbbVie has raised its annual profit forecast after surpassing quarterly earnings estimates, driven by strong demand for newer drugs and a lower-than-expected decline in sales of its blockbuster arthritis drug, Humira. Despite facing competition from biosimilars, Humira has maintained favorable positions on insurance drug coverage lists. AbbVie's newer immunology drugs, Skyrizi and Rinvoq, also performed well, exceeding analyst expectations. The company reported $13.93 billion in quarterly revenue and an adjusted profit of $2.95 per share. AbbVie now expects its 2023 adjusted profit per share to be between $11.19 and $11.23.
3M (MMM), a maker of Post-it notes and industrial coatings, has a history of beating earnings estimates and is expected to continue the trend in its next quarterly report. The company has surpassed earnings expectations by an average of 27.32% in the past two quarters. Analysts have recently become bullish on 3M's earnings prospects, with a positive Earnings ESP of +1.29% and a Zacks Rank #3 (Hold). This combination suggests another earnings beat is possible. It's important to note that while beating earnings estimates is significant, it may not be the sole factor for stock performance.